In this enlightening segment, Sarah Yvonne Byabazaire delves into a significant issue many SMEs face: having some form of corporate governance in place but not fully utilizing it effectively.
Sarah points out that many of these SMEs fall short in accessing funding from investors because their governance structures don't function as intended.
Often, the board is composed of management members, family, and friends, especially for family-owned businesses, leading to a lack of independence, which undermines the board's effectiveness and hinders decision-making.
Key Takeaways:
Effective Corporate Governance: Essential for gaining investor trust and securing funding.
Independence: Ensure your board includes independent members to provide unbiased oversight and strategic guidance.
Functionality: Implement governance structures that work in practice, not just on paper.
Watch the video to learn more!
Steadman Global Consulting | JKC Consulting | COVAE | Ligomarc Advocates | Standard Chartered | aBi - Agricultural Business Initiative | Financial Sector Deepening Uganda (FSD Uganda) | The Deal Flow Facility | Capital Markets Authority- Uganda
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Негізгі бет Security through Sound Governance
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